OPEN LETTER TO THE PRESIDENT
An Open Letter to Barack Obama and/or his successor in office:
It is not noble for you and persons like Al Gore to lead the world toward the elimination of carbon fuels if in the process you subvert the short and long term interests of your own people.
Fact: Our nation is borrowing money from other countries to meet its current obligations, including interest on that same mushrooming debt, a circumstance that will debase the value of the Dollar and destroy our way of life if not reversed within a couple of years.
Fact: Creditor nations understand that we need to balance our federal budget or the Dollars they hold will plummet in value – Why? – Because we’ll be forced to continue printing paper fiat Dollars to meet obligations for which we otherwise have no money – this is the classic path to hyperinflation, which has been destroying societies for over 2,000 years . . . check out Milton Friedman and Keynes if you don’t believe me.
Fact: If we continue spending money we don’t have, the Arab states, Venezuela and Russia will soon stop accepting Dollars in payment for the oil we will need for a long time to come, and other countries like China and India will not loan us Dollars since what they’ll get back when repaid will not be worth what they loaned, and, defacto, the Dollar is no longer the world’s reserve currency.
Question: When this happened in countries like Mexico, Argentina and Brazil, we (and the IMF) bailed them out in exchange for they’re agreeing not to continue printing fiat currency – But who’s going to bail us out?
Suggestion: It is easier and far less harmful for America to become oil and carbon energy self-sufficient on the supply side NOW (as we can if allowed) – so we can cease the importation of Arab oil, thereby eliminating our foreign exchange deficit and buying time to get our federal budget balanced until sustainable green energy sources and more efficient uses can fill the Nation’s needs . . . totally.
Point: If you’re not prepared to lead us to carbon energy independence then you better stop right now spending Dollars you don’t have!
